MEDICARE ADVANTAGE

You usually don’t pay a monthly premium for Part A coverage if you or your spouse paid Medicare taxes while working for a certain amount of time. This is sometimes called premium-free Part A. If you aren’t eligible for premium-free Part A, you may be able to buy it. 

*(Check Medicare.gov)

The standard Part B premium amount in 2023 is $164.90. Most people pay the standard Part B premium amount every month. The premium is based on your modified adjusted gross income. 

*(Check Medicare.gov)

If you don’t sign up for Part B when you’re first eligible, you may have to pay a late enrollment penalty for as long as you have Part B.

Part A (Hospital Insurance) helps cover: 

• Inpatient care in a hospital 

• Inpatient care in a skilled nursing facility (not custodial or long-term care) 

• Hospice care 

• Home health care 

• Inpatient care in a religious non-medical health care institution

*Check Medicare.gov/coverage

Medicare Part B (Medical Insurance) helps cover: 

• Medically necessary doctor’s services
• Outpatient care
• Home health services
• Durable medical equipment
• Mental health services
• Other medical services
• Part B also covers many preventive services.

* Check Medicare.gov/coverage

Part D, helps cover the cost of prescription drugs (including many recommended shots or vaccines).

Plans that offer Medicare drug coverage (Part D) are run by private insurance companies that follow rules set by Medicare.

You may have a penalty if you don't join a Medicare drug plan when you first get Part B Medicare. Go 63 days or more without creditable drug coverage. Unless you activate Part C (Medicare Advantage)

* Check Medicare.gov/coverage

Initial Enrollment Period You can first sign up for Part A and/or Part B during the 7-month period that begins 3 months before the month you turn 65, includes the month you turn 65, and ends 3 months after the month you turn 65.

* Check Medicare.gov/coverage